FAST PACE MORTGAGE RATE HIKE… SURPRISE FOR ST. GEORGE BUYERS???

Renae Stucki Realtor gathered this information from Mortgage News Daily.  We’re surprised to learn mortgage rates shot higher today at the fastest pace of the year right after the Fed forecast suggested the Fed Funds Rate might be rising sooner and by more than expected.  Although the rate isn’t directly tied to the mortgage rate,…

ARE MORTGAGE RATES DROPPING???

Renae Stucki Realtor is happy to report mortgage rates fell last week.  After economists and analysts predicted steady increases in the rate, the direction shirt is a welcome reprieve.The modest drop occurred last week following the weak jobs report.  Although this report typically has a bigger impact on market movements, it’s largest impact was felt…

YOUR BUYING POWER! HOW INTEREST RATES AFFECT YOUR PURCHASE!

 Renae Stucki Realtor collaborates with many local business’ in Southern Utah and Veritas Funding is one of them.  Recently, Ben Zitting at Veritas created this graphic to show the impact of interest rates on your purchasing power.The graphic hopes to demonstrate why we’re constantly posting blogs about why now is the time to buy before…

IS LOCKING A MORTGAGE RATE IN NOW A SMART MOVE?

Yesterday, Renae Stucki Realtor brought you a story about how the government shutdown might effect buyers shopping for homes.  Today, we bring you another story about mortgage interest rates. If you read the blog yesterday, you’ll recall our suggestion about getting pre-approved for a home loan now instead of waiting until you’re ready to make…